Jefferies Financial Group Cuts Canadian Natural Resources (TSE:CNQ) Price Target to C$50.00

Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) had its target price cut by research analysts at Jefferies Financial Group from C$54.00 to C$50.00 in a report released on Tuesday,BayStreet.CA reports. Jefferies Financial Group’s target price points to a potential upside of 9.60% from the stock’s previous close.

Other analysts also recently issued reports about the company. Desjardins upgraded Canadian Natural Resources from a “hold” rating to a “buy” rating and raised their price target for the stock from C$56.00 to C$59.00 in a research report on Tuesday, October 8th. CIBC raised their target price on shares of Canadian Natural Resources from C$57.50 to C$59.00 in a report on Wednesday, October 9th. Wells Fargo & Company increased their price objective on shares of Canadian Natural Resources from C$48.00 to C$50.00 in a research report on Monday, December 9th. TD Securities set a C$58.00 target price on Canadian Natural Resources and gave the company a “buy” rating in a research report on Tuesday, December 3rd. Finally, Gerdes Energy Research upgraded Canadian Natural Resources from a “neutral” rating to a “buy” rating in a report on Monday, December 16th. Six equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$71.44.

Canadian Natural Resources Trading Down 2.9 %

TSE CNQ traded down C$1.35 during trading hours on Tuesday, hitting C$45.62. 3,840,582 shares of the company were exchanged, compared to its average volume of 7,373,902. Canadian Natural Resources has a 52 week low of C$40.02 and a 52 week high of C$56.49. The company has a quick ratio of 0.54, a current ratio of 0.88 and a debt-to-equity ratio of 29.64. The stock has a 50-day moving average price of C$45.74 and a 200 day moving average price of C$47.12. The stock has a market cap of C$97.17 billion, a PE ratio of 13.00, a price-to-earnings-growth ratio of 0.53 and a beta of 1.89.

Insiders Place Their Bets

In other Canadian Natural Resources news, Senior Officer Robin Sean Zabek sold 19,000 shares of the firm’s stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of C$43.07, for a total value of C$818,254.00. Also, Senior Officer Dwayne Frederick Giggs sold 2,000 shares of the business’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of C$48.70, for a total value of C$97,405.40. Over the last ninety days, insiders sold 137,152 shares of company stock worth $6,207,845. 4.26% of the stock is owned by corporate insiders.

Canadian Natural Resources Company Profile

Canadian Natural Resources Limited acquires, explores for, develops, produces, markets, and sells crude oil, natural gas, and natural gas liquids (NGLs). The company offers light and medium crude oil, primary heavy crude oil, Pelican Lake heavy crude oil, bitumen (thermal oil), and synthetic crude oil (SCO).